Centennial Lending Mortgage Rates, Fees & Info
Centennial, COLEI: 549300J3YLW53W0K4T67
Tax ID: 84-1553724
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Mortgage Data
Review & Overview
Centennial Lending is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Centennial Lending has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Denver, Cheyenne, Greeley, Fort Collins, and Boulder among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)Centennial Lending has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Centennial Lending is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.33% | 4/22/24 |
| 30 Year Conventional Refi | 6.40% | 4/22/24 |
| 30 Year Cash-out Refi | 6.58% | 4/22/24 |
| 30 Year FHA Purchase | 7.04% | 4/22/24 |
| 30 Year FHA Refi | 6.27% | 4/22/24 |
| 30 Year VA Purchase | 6.18% | 4/22/24 |
| 30 Year USDA Purchase | 6.59% | 4/22/24 |
| 15 Year Conventional Purchase | 6.34% | 4/22/24 |
| 15 Year Conventional Refi | 6.06% | 4/22/24 |
| 15 Year Cash-out Refi | 6.06% | 4/22/24 |
| 15 Year FHA Purchase | 5.68% | 4/22/24 |
| 15 Year FHA Refi | 5.68% | 4/22/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Centennial Lending Mortgage Calculator
Your Estimates
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This is not an official calculator from Centennial Lending. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
835Origination Dollar Volume (All Markets)
$189,705,000Awards
CENTENNIAL LENDING - 2020
CENTENNIAL LENDING is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 193 | $54,865,000 | $284,275 | $5,250 | 3.01% |
| CHEYENNE, WY (FHA|USDA|VA) | 200 | $39,590,000 | $197,950 | $4,822 | 2.72% |
| GREELEY, CO (FHA|USDA|VA) | 65 | $18,045,000 | $277,615 | $4,972 | 3.05% |
| FORT COLLINS, CO (FHA|USDA|VA) | 58 | $14,300,000 | $246,552 | $4,918 | 2.91% |
| BOULDER, CO (FHA|USDA|VA) | 43 | $11,645,000 | $270,814 | $5,100 | 2.99% |
| Outside of Metro Areas | 46 | $7,310,000 | $158,913 | $4,741 | 2.87% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 40 | $6,150,000 | $153,750 | $4,562 | 2.83% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 28 | $5,450,000 | $194,643 | $5,150 | 2.99% |
| SALEM, OR (FHA|USDA|VA) | 19 | $4,665,000 | $245,526 | $5,840 | 3.03% |
| CASPER, WY (FHA|USDA|VA) | 10 | $2,320,000 | $232,000 | $4,842 | 2.96% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 13 | $2,065,000 | $158,846 | $4,528 | 3.28% |
| TUCSON, AZ (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $6,071 | 3.16% |
| LINCOLN, NE (FHA|USDA|VA) | 11 | $1,785,000 | $162,273 | $4,085 | 2.86% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 8 | $1,450,000 | $181,250 | $4,952 | 2.91% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 7 | $1,435,000 | $205,000 | $3,979 | 2.77% |
| Laramie, WY (FHA|USDA|VA) | 7 | $1,385,000 | $197,857 | $4,032 | 3.00% |
| Rexburg, ID (FHA|USDA|VA) | 9 | $1,265,000 | $140,556 | $4,705 | 2.71% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 7 | $1,265,000 | $180,714 | $5,251 | 3.05% |
| PUEBLO, CO (FHA|USDA|VA) | 8 | $1,110,000 | $138,750 | $5,524 | 3.55% |
| Blackfoot, ID (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $5,049 | 2.75% |
| Jackson, WY-ID (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $6,345 | 2.75% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,955 | 3.19% |
| Cañon City, CO (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $4,677 | 3.34% |
| Norfolk, NE (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,771 | 3.17% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,469 | 2.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,353 | 3.33% |
| Astoria, OR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,775 | 3.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,507 | 3.38% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $1,443 | 3.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $7,671 | 2.88% |
| Hastings, NE (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,619 | 3.04% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,054 | 3.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,620 | 2.94% |
| Riverton, WY (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $3,397 | 2.63% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,541 | 3.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,443 | 3.13% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,509 | 3.38% |
| Taos, NM (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,899 | 3.38% |
| Beatrice, NE (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,159 | 2.94% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,492 | 2.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,129 | 3.00% |
| Sterling, CO (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,379 | 3.69% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,782 | 2.88% |
| Gillette, WY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,642 | 2.50% |
| Columbus, NE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,569 | 2.63% |
| GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,228 | 2.88% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,658 | 3.13% |
| North Platte, NE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,062 | 3.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,117 | 2.88% |
| Kearney, NE (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,913 | 3.50% |
| Lexington, NE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,175 | 3.00% |
| Silver City, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,449 | 4.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against CENTENNIAL LENDING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 794 | $180,270,000 | $227,040 | $4,789 | 2.91% |
| FHA | 32 | $6,740,000 | $210,625 | $7,962 | 3.20% |
| VA | 9 | $2,695,000 | $299,444 | $9,580 | 3.38% |
For 2020, Centennial Lending's most frequently originated type of loan was Conventional, with 794 originations. Their 2nd most popular type was FHA, with 32 originations.
Loan Reason
For 2020, Centennial Lending's most frequently cited loan purpose was Refi, with 329 originations. The 2nd most popular reason was Cash Out Refi, with 309 originations.
Loan Duration/Length
For 2020, Centennial Lending's most frequently cited loan duration was 30 Year, with 546 originations. The 2nd most popular length was 15 Year, with 179 originations.
Origination Fees/Closing Costs
Centennial Lending's average total fees were $5,265, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 265 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 423 | $96,585,000 | $228,333 |
| 3-4% | 250 | $64,630,000 | $258,520 |
| <2.5% | 140 | $24,580,000 | $175,571 |
| 4-5% | 20 | $3,900,000 | $195,000 |
During 2020, Centennial Lending's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 423 originations.
Loan Sizing
2020 saw Centennial Lending place emphasis on $200k-400k loans with 400 originations, totaling $110,650,000 in origination value.
Applicant Income
Centennial Lending lent most frequently to those with incomes in the $100k-150k range, with 206 originations. The second most popular income band? $50k-75k, with 192 originations.
Applicant Debt to Income Ratio
Centennial Lending lent most frequently to those with DTI ratios of 20-30%, with 221 originations. The next most common DTI ratio? 30-36%, with 182 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.19%
Centennial Lending has a below average approval rate.
Pick Rate
Approvals leading to origination26.47%
Centennial Lending has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 835 | $189,705,000 | $227,192 |